LayerZero's acquisition of Stargate was "disrupted": Wormhole's high-profile price increase requested a suspension of voting
Original title: "Wormhole forcibly raises prices and intervenes, can LayerZero's acquisition of Stargate still advance?" Original
author: Azuma, Odaily Planet Daily's
"LayerZero acquisition of Stargate" proposal that has entered the formal voting process suddenly changed.
On August 21, LayerZero's direct competitor, the Wormhole Foundation, publicly announced on X that LdayerZero's approximately $110 million acquisition offer for Stargate underestimated Stargate's protocol assets and growth, so Wormhole plans to submit a higher offer and request a 5-day suspension of current Snapshot voting. In order to improve the bidding process and protect the interests of STG holders.
Background Summary: LayerZero Launches Acquisition
Regarding LayerZero's Acquisition Proposal for Stargate, Dating Back to August 11 - Refer to "LayerZero Proposes to Acquire...
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